The Automobile steering systems market is expected to grow at a significant CAGR in the period from 2021 to 2027. Several countries across the world have enacted strict car pollution and fuel economy requirements. Fleet-level rules have been imposed by regulatory agencies such as the National Highway Traffic and Safety Administration (NHTSA) in the United States, the International Council on Clean Transportation (ICCT) in Europe, and other organisations. These laws establish an average emission level that automobile manufacturers must adhere to. These rules have forced automakers to invest more in fuel-efficient steering systems like electric power steering.
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Company Profile
China Automotive Systems Inc.
JTEKT Corporation
Nexteer Automotive
Mando Corporation
ThyssenKrupp Presta AG
Robert Bosch Automotive Steering GmbH
Showa Corporation
NSK Ltd
Mitsubishi Electric Corporation
Sona Koyo Steering Systems Ltd.
Hyundai Mobis Co. Ltd.
Market – Segmentation
By Component
Hydraulic pump
Steering column
Steering wheel speed sensor
Electric motor
By Technology
Electric power steering (EPS),
Electrically assisted hydraulic power steering (EHPS)
Hydraulic power steering (HPS)
By Type
Column-EPS (C-EPS)
Pinion-EPS (P-EPS)
Rack-EPS (R-EPS)
By Pinion-Type
Single
Dual
By Mechanism
Collapsible EPS
Rigid EPS
By Component
Hydraulic pump
Steering column
Electric motor
By Vehicle Type
Passenger car (PC)
Light commercial vehicle (LCV)
Heavy commercial vehicle (HCV)
Scope of the Report
The research study analyzes the Global Automobile steering systems Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report Global Automobile steering systems Market of is available at: https://www.orionmarketreports.com/automobile-steering-systems-market/40810/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automobile steering systems Market Report
1. What was the Automobile steering systems Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Automobile steering systems Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automobile steering systems Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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